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Identity Theft

Identity Theft. Agenda. Basic Definitions Why? How Prevention I f Y ou’re a Victim References. Definitions of Identity Theft. Merriam-Webster T he illegal use of someone else's personal information (such as a Social Security number) especially in order to obtain money or credit

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Identity Theft

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  1. Identity Theft

  2. Agenda • Basic Definitions • Why? • How • Prevention • If You’re a Victim • References

  3. Definitions of Identity Theft Merriam-Webster The illegal use of someone else's personal information (such as a Social Security number) especially in order to obtain money or credit U.S. Department of Justice Identity theft and Identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for financial gain.

  4. Definition of Non-Public Personal Information (NPI) Paraphrased from the State of Iowa Security Breach Law. An individual’s first name or first initial and last name in combination with any one or more of the following data elements; • Social Security Number • Driver’s License Number • Financial Account Number • Unique electronic identifier or routing code, in combination with any required security access code, or password that would permit access to an individual’s financial account • Unique biometric data

  5. Why? • Why do identities get stolen? • What do the bad guys do with that data? • Sell it for $$ • Use it to commit fraud for $$

  6. How do the “Bad Guys” get the data or NPI? • Take it • Purchase it

  7. Physical Theft • Theft of purse or wallet • Mail theft • Dumpster diving

  8. Skimming & Shoulder Surfing • Skimming refers to the act of stealingcredit or debit card numbers by capturing the data when the card is swiped. This can happen at aPoint of Sale terminal or ATM. • Shoulder surfing refers to using direct observation techniques, such as looking over someone's shoulder or using a camera, to capture information.

  9. Social Engineering • Phishing is used to acquire information such as usernames, passwords or credit card details by masquerading as a trustworthy entity in electronic communication.

  10. Pretexting • Using an invented scenario to engage a targeted victim in a manner that increases the chance the victim will divulge information or perform actions that would be unlikely in ordinary circumstances. • You may be contacted in a wide variety of ways (Call, Text, Social Media, Fax, Etc.)

  11. Hacking/Data Breaches • Equifax – 145.5 million people • Yahoo – 1 billion accounts • Uber – 57 million users • Population of US is approximately 325 million

  12. Deep/Dark Web • Surface Web = Anything that can be indexed by a search engine. • Deep Web = Anything that can’t be found via a search engine • Dark Web = Hidden Portion of the Deep Web not accessible by standard browser • Entire Hidden Data Economy where criminals buy and sell products and services. • Social Security Numbers • Credit Card Numbers • Account Info (Facebook, Twitter, etc.) • Botnets

  13. What Kinds of Fraud are Committed? • Spending your money • Opening Loans or Credit Cards in your name • When they don’t make payments, your credit is impacted. • Using gathered data for social engineering.

  14. Why is it so Popular? • Cybercrime as an industry in 2016 • $400B Industry (GDP of Ireland was a little over $300B) • Lucrative • Light Punishment • Low odds of getting caught or going to jail

  15. General Prevention • Reconcile bank and credit card statements monthly. • Review your credit report. • Order free credit report from Annualcreditreport.com • Look for • Accounts you don’t recognize • Incorrect information regarding current accounts • Guard your PIN’s and passwords. Keep PIN numbers separate from your credit/debit cards. • Report lost or stolen cards immediately.

  16. General Prevention - Continued • Pay bills online and sign up for eStatements when possible. Your personal information is more likely to be stolen from your mailbox than online. • Shred all documents containing personal information before discarding. • Keep devices up to date and install anti-virus/anti-malware if possible. • Properly secure social media accounts. • Do not disclose personal information to someone who contacts you via phone/email/social media.

  17. If You’re a Victim • Keep a log of actions. • Contact local police. • Contact your financial institution. • Close compromised accounts. • Place a fraud alert on your accounts. • Change your online passwords. • Contact the FTC at 1-877-IDTheft or www.consumer.gov/idtheft

  18. References • Identitytheft.net • Brightplanet.com • Merriam-webster.com • Thebalance.com • Databreachtoday.com • Idtheftcenter.org • Census.gov • Wikipedia.com

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